Egypt is negotiating a deal with Iraq that will see it import one million barrels of crude oil every month, after Saudi Arabia stopped its deliveries, Ahram Online reported yesterday. Speaking to reporters on the sidelines of an oil conference in Cairo yesterday, the CEO of the Egyptian General Petroleum Corporation (EGPC), Tarek El-Hadidi, said that his country was negotiating to import one million barrels of Iraqi crude oil per month for a year, about one third of the monthly Iraqi crude oil production. Read: Egypt and Saudi Arabia halt cooperation agreements The chairman of the state-run oil company explained that the Iraqi imported oil will be refined in Egyptian refineries. Iraq produces more than 3.6 barrels of oil per month. In December, … Continue reading Egypt to import oil from Iraq